CPI Shows Slightly Slowing Inflation // Dems' Budget Proposal Details // GDP Down to 5.8% - 9/14 (Hour 1)

The Financial Exchange Show - A podcast by The Financial Exchange Network

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(0:34) - The CPI reading for August was released this morning, and while it did show that inflation remains high (up 5.3% year over year), it also revealed that levels of inflation could be slowing. (13:35) - The $3.5 trillion budget proposal laid out by congressional democrats is nearing a vote, and details about the potential bill have come to light.(26:37) - The guys take a deeper dive into the proposed tax changes that could come with dems' budget proposal, specifically what would happen to the current capital gains tax.(33:29) - The U.S. economy is on pace for a 5.8% GDP reading, which is down from 6.6% GDP in the second quarter. The Delta variant, along with many other factors, can be looked at as the reson for this decrease.